US polymer import costs likely to increase on higher cost of shipping from Asia to USA

With effect from January 1, 2012, container prices for shipping polymers from Asia to the US West Coast are set to increase by US$350/container, as per Platts. This will result in a hike in polymer import prices. A US$350/container hike for a 20-foot container holding 20-22 mt of PET will translate into a US$16-17/mt hike in price of imports.
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